“We Think Bitcoin Will Play a Very Important Role in the Future”

Jayanand Sagar | May 14, 2014 | 10:54 am

“We Think Bitcoin Will Play a Very Important Role in the Future”

Jayanand Sagar | May 14, 2014 | 10:54 am

eBay CEO John Donahoe was recently asked about a number of different topics, and wouldn’t you know, bitcoin just happened to be one of them.

eCommerce Bytes reports that Carl Davis, Jr. of the Silicon Valley Black Chamber of Commerce recently asked Donahoe what he thought of bitcoin with regard to global trade.

Donahoe reportedly said in response that he thought the digital currency was both an exciting and emerging technology.

“We think Bitcoin will play a very important role in the future. Exactly how that plays out, and how we can best take advantage of it and enable it with PayPal, that’s something we’re actively considering. It’s on our radar screen,” Donahoe said.

“It’s on our radar screen”

Donahoe isn’t any stranger to talking about bitcoin. And in the past, he’s dropped hints about a PayPal/Bitcoin integration (eBay owns PayPal).

In mid-February, he appeared on the Bloomberg television network and said that PayPal was working on a digital wallet.

“Well, you can use digital currencies in the PayPal digital wallet, that’s in fact what PayPal is doing — is building a digital wallet that can take multiple types of currency,” he stated to the program’s host.

Many in the community took that as a sign — but at this juncture it’s very much still unclear just what exactly PayPal’s doing. But with an executive who recognizes the potential of bitcoin, an integration of sorts could appear down the line.

Last year, Donahoe said that “digital currency is going to be a very powerful thing,” and that eBay would continue to monitor developments in the sector.

As of early April, eBay has included a virtual currency section on their website where sellers can post mining contracts, miners, and currency.

[textmarker color=”C24000″]Image[/textmarker] János Balázs

Tags: , , ,

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

Get the app

Featuring live charts, price analysis, breaking news, currency converter and more. The only bitcoin app you need!